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Workers' Compensation News

Press Conference Shows Mixed Reaction to 228 09/11/2003
State: CA | Segment: Top | 325 | 0
California Insurance Commissioner John Garamendi yesterday hosted a press conference in the state Capitol, along with key Senators and Assemblymembers, as well as representatives of business and Labor, to commend the Conference Committee on the issuance of a workers' compensation reform report to th...Read More
PMA Capital Rating Improves to Stable 09/11/2003
State: CA | Segment: Top | 222 | 0
Fitch Ratings has assigned insurer financial strength ratings of 'BBB+' to the primary insurance and reinsurance underwriting subsidiaries of PMA Capital Corp. including reinsurance underwriter PMA Capital Insurance Company (PMA Capital), as well as primary insurance underwriters Pennsylvania Manufa...Read More
Pharmacy Providers Meet on Legislative Activity 09/11/2003
State: CA | Segment: Top | 349 | 0
Over 300 professionals representing 200 long-term care pharmacy providers across the country, gathered via web and phone yesterday to discuss recent legislative activity affecting their industry. The virtual meeting, which featured an hour long web enabled presentation and question and answ...Read More
Paychex to Release 3Qs on 9/23 09/10/2003
State: CA | Segment: Top | 109 | 0
Paychex, Inc. (NASDAQ:PAYX) is scheduled to release financial results for the fiscal first quarter ended August 31, 2003 via Business Wire after the financial markets close on Tuesday, September 23, 2003. The Company will host a conference call at 10:30 a.m. EST on Wednesday, September 24,...Read More
P&C's Capital Gains Up 181% Over Last Year 09/05/2003
State: CA | Segment: Top | 393 | 0
The nation's property and casualty insurers reported capital gains of $1.1 billion in the first quarter of 2003, representing a $725 million, or 181 percent, increase over the $400 million recorded during the same period last year, according to Weiss Ratings, Inc. Companies within the Berks...Read More
Positional Risk Doctrin At Risk in Illinois 09/04/2003
State: CA | Segment: Top | 537 | 0 | Popular with Legal
The Illinois legislature has on its agenda debate about a bill that would eliminate the defense of the "positional risk" doctrine regarding AOE/COE.Authored by Rep. Jack Franks (D-McHenry), HB 245 would amend the Workers' Compensation Act and the Workers' Occupational Diseases Act, such the...Read More
PA Taking New Action on Med-Only Claims 09/02/2003
State: CA | Segment: Top | 335 | 0
In recent years, the workers' compensation industry has been faced with changing its legal treatment of medical-only claims. Medical-only claims typically occur when the injured worker suffers no loss of earning power at the outset of the claim, but medical treatment is rendered. Because the...Read More
Palmer & Cay Enter Reinsurance Market 08/29/2003
State: CA | Segment: Top | 103 | 0
Palmer & Cay, Inc., a privately-held insurance brokerage and benefits consulting firm, has entered the reinsurance market.It has formed two new entities, Palmer & Cay Reinsurance Brokers and Savannah Reinsurance Underwriting Management, LLC. Joining Palmer & Cay as presidents...Read More
PAULA Financial Net Doubles from Year Earlier 08/26/2003
State: CA | Segment: Top | 108 | 0
PAULA Financial (NASDAQ:PFCO) yesterday announced net income for the second quarter of 2003 of $0.02 per share compared to $0.01 per shares for the 2002 period. Total revenue for the second quarter of 2003 was $4.3 million compared to $2.9 million for the 2002 period. Net income for the fi...Read More
Pinnacol Executive Salaries Frozen Pending Study 08/21/2003
State: CA | Segment: Top | 182 | 0
Bowing to pressure from the Colorado state legislature, Pinnacol Assurance Company will freeze executive bonuses pending further debate about the propriety of executive pay at the carrier of last resort in the state.Last month, executives of the company came under fire because an audit showe...Read More
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